Islamic Banking Internal Auditor
2025-04-25T12:02:19+00:00
Tropical Bank Ltd
https://www.greatugandajobs.com/jsjobsdata/data/employer/comp_735/logo/tropical.jpg
https://www.www.trobank.com
FULL_TIME
Kampala
Kampala
00256
Uganda
Banking
Commercial Banks
2025-05-07T17:00:00+00:00
Uganda
8
DEPARTMENT: INTERNAL AUDIT
REPORTS TO: Shariah Advisory Board and Head Internal Audit (Dotted line-reporting)
Main Purpose of the Job
To conduct comprehensive Shari’ah audits and reviews of the Bank's products, operations, internal controls, and procedures to ensure alignment with Shari’ah principles, regulatory requirements, and organizational objectives.
The role focuses on safeguarding the Bank’s compliance with Islamic finance principles, identifying and mitigating operational risks, and enhancing the efficiency, effectiveness, and reliability of internal Shari’ah governance frameworks.
The Islamic Banking Internal Auditor is responsible for assessing the effectiveness of internal Shari’ah controls and identifying potential risks, including breaches in Shari’ah compliance or operational inefficiencies, to protect the Bank from reputational and financial losses. This includes ensuring adherence to applicable legal, regulatory, and Shari’ah governance standards.
Responsibilities
- Provide required assistance to external auditors on relevant Shari’ah audit issues to ensure alignment with Shari’ah principles.
- Collaborate with external auditors in expressing opinions on financial and operational compliance with Shari’ah standards.
- Control and Risk Assessment:
- Assess and contribute to the improvement of a sound and effective internal control system for Shari’ah Compliance.
- Identify potential risks associated with Shari’ah non-compliance and recommend measures to mitigate them.
- Work with the Risk Departments in identification and mitigation of the Sharia’h risks
- Collaboration with the Shari’ah Advisory Board:
- Act as a liaison between the internal audit function and the Shari’ah Advisory Board.
- Ensure alignment between the Bank’s operational activities and the fatwas and guidelines issued by the SAB.
- Continuous Improvement:
- Monitor the implementation of Shari’ah Audit recommendations and report progress to the SSB and senior management.
- Identify areas for process improvement and recommend changes to enhance Shari’ah compliance and operational efficiency.
Audit Planning and Documentation:
- Participate in establishing a risk-based Shari’ah Audit Plan.
- Develop and document appropriate Shari’ah audit checklists, programs, and tests to review the adequacy and effectiveness of internal Shari’ah controls within the Bank's functions.
- Prepare the Annual Internal Shari’ah Audit Plan to guide the Bank’s Shari’ah compliance review process.
- Conduct detailed operational and compliance audits in accordance with the approved Shari’ah Audit Plan and program.
- Perform internal Shari’ah audits quarterly and present findings to the Shari’ah Advisory Board (SAB).
- Carry out identified continuous monitoring reviews to uncover opportunities for improvement in Shari’ah compliance.
- Conduct Shari’ah Audit follow-ups according to the approved Shari’ah Audit Plan to ensure implementation of recommended actions.
- Prepare preliminary and final written Shari’ah Audit Reports for each audit engagement.
- Present Shari’ah Audit reports to the SSB for final resolution and decision-making.
- Express opinions on financial statements to ensure their compliance with fatwas, rulings, and guidelines issued by the SSB, as well as standards set by AAOIFI, national regulations, and other relevant practices.
- Policy and Manual Development:
- Develop the Internal Shari’ah Audit Policy and Procedure Manual to ensure a standardized approach to Shari’ah audits.
- Establish the scope of Shari’ah Audit work, organize and manage audits to achieve planned objectives and activities.
- Advisory Role:
- Advise the Bank’s Management on various Shari’ah issues based on Internal Shari’ah Audit findings.
- Provide guidance and consultation on Shari’ah compliance to the internal audit team.
- Assist in resolving Shari’ah-related issues identified during audits and offer recommendations for improvement.
- Training and Awareness:
- Conduct training sessions to raise awareness about the critical role of Shari’ah auditing and the relevance of compliance to established procedures.
Strengthen internal Shari’ah controls by fostering a culture of compliance across the Comply with AML/CFT/CPF policies and procedures, non -compliance of which shall be addressed as per the bank disciplinary processes.
Any other duty as shall be assigned to you from time to time.
Person Specification (Education, training, skills and experience)
Knowledge: Skills and Experience required for this role.
- At Least University degree in Islamic Banking and Finance, or Shari’ah from an accredited University.
- At least 5 years of banking experience (Preferably Islamic Bank and Finance).
- Qualification in ACCA/CPA is preferrable.
- Qualifications such as CSAA, CIPA and CIFE are Mandatories
- Proficiency in Microsoft Office suite.
- Fluent In English, Arabic is preferable.
Competencies required for this role.
Innovative and Proactive:
- Creative thinker with the ability to propose and implement effective Shari’ah-compliant solutions.
Passion for Shari’ah and Auditing:
- Outgoing and enthusiastic about Islamic finance principles and the auditing profession.
Analytical and Self-Driven:
- Dynamic, detail-oriented individual with strong analytical skills and the ability to work under pressure with minimal supervision.
Strong Communication Skills:
- Exceptional oral and written communication skills, with a particular emphasis on report writing and presentation.
Interpersonal Skills:
- Excellent ability to build and maintain professional relationships while fostering collaboration across teams.
Confidentiality and Accuracy:
- Proven ability to handle sensitive information with the highest level of confidentiality and accuracy.
Knowledge of Islamic Finance Principles:
- Extensive understanding of Islamic rules of transactions (Fiqh al Mu’amalat) and Shari’ah principles.
Regulatory Awareness:
- Sound understanding of Bank of Uganda (BOU) regulations and Shari’ah compliance requirements.
Technical Knowledge:
- Proficiency in the Accounting, Auditing, and Governance Standards of AAOIFI.
Leadership and Management Skills:
- Strong ability to lead and manage audit processes effectively while mentoring team members.
Computer Literacy:
- Proficient in using audit-related software and tools to enhance audit execution and reporting.
Problem Solving:
- Ability to analyze processes/procedures and identify areas of improvement.
Responsibilities External Audit Support: Provide required assistance to external auditors on relevant Shari’ah audit issues to ensure alignment with Shari’ah principles. Collaborate with external auditors in expressing opinions on financial and operational compliance with Shari’ah standards. Control and Risk Assessment: Assess and contribute to the improvement of a sound and effective internal control system for Shari’ah Compliance. Identify potential risks associated with Shari’ah non-compliance and recommend measures to mitigate them. Work with the Risk Departments in identification and mitigation of the Sharia’h risks Collaboration with the Shari’ah Advisory Board: Act as a liaison between the internal audit function and the Shari’ah Advisory Board. Ensure alignment between the Bank’s operational activities and the fatwas and guidelines issued by the SAB. Continuous Improvement: Monitor the implementation of Shari’ah Audit recommendations and report progress to the SSB and senior management. Identify areas for process improvement and recommend changes to enhance Shari’ah compliance and operational efficiency. Audit Planning and Documentation: Participate in establishing a risk-based Shari’ah Audit Plan. Develop and document appropriate Shari’ah audit checklists, programs, and tests to review the adequacy and effectiveness of internal Shari’ah controls within the Bank's functions. Prepare the Annual Internal Shari’ah Audit Plan to guide the Bank’s Shari’ah compliance review process. Audit Execution: Conduct detailed operational and compliance audits in accordance with the approved Shari’ah Audit Plan and program. Perform internal Shari’ah audits quarterly and present findings to the Shari’ah Advisory Board (SAB). Carry out identified continuous monitoring reviews to uncover opportunities for improvement in Shari’ah compliance. Conduct Shari’ah Audit follow-ups according to the approved Shari’ah Audit Plan to ensure implementation of recommended actions. Reporting: Prepare preliminary and final written Shari’ah Audit Reports for each audit engagement. Present Shari’ah Audit reports to the SSB for final resolution and decision-making. Express opinions on financial statements to ensure their compliance with fatwas, rulings, and guidelines issued by the SSB, as well as standards set by AAOIFI, national regulations, and other relevant practices. Policy and Manual Development: Develop the Internal Shari’ah Audit Policy and Procedure Manual to ensure a standardized approach to Shari’ah audits. Establish the scope of Shari’ah Audit work, organize and manage audits to achieve planned objectives and activities. Advisory Role: Advise the Bank’s Management on various Shari’ah issues based on Internal Shari’ah Audit findings. Provide guidance and consultation on Shari’ah compliance to the internal audit team. Assist in resolving Shari’ah-related issues identified during audits and offer recommendations for improvement. Training and Awareness: Conduct training sessions to raise awareness about the critical role of Shari’ah auditing and the relevance of compliance to established procedures. Strengthen internal Shari’ah controls by fostering a culture of compliance across the Comply with AML/CFT/CPF policies and procedures, non -compliance of which shall be addressed as per the bank disciplinary processes. Any other duty as shall be assigned to you from time to time. Person Specification (Education, training, skills and experience)
Innovative and Proactive: Creative thinker with the ability to propose and implement effective Shari’ah-compliant solutions. Passion for Shari’ah and Auditing: Outgoing and enthusiastic about Islamic finance principles and the auditing profession. Analytical and Self-Driven: Dynamic, detail-oriented individual with strong analytical skills and the ability to work under pressure with minimal supervision. Strong Communication Skills: Exceptional oral and written communication skills, with a particular emphasis on report writing and presentation. Interpersonal Skills: Excellent ability to build and maintain professional relationships while fostering collaboration across teams. Confidentiality and Accuracy: Proven ability to handle sensitive information with the highest level of confidentiality and accuracy. Knowledge of Islamic Finance Principles: Extensive understanding of Islamic rules of transactions (Fiqh al Mu’amalat) and Shari’ah principles. Regulatory Awareness: Sound understanding of Bank of Uganda (BOU) regulations and Shari’ah compliance requirements. Technical Knowledge: Proficiency in the Accounting, Auditing, and Governance Standards of AAOIFI. Leadership and Management Skills: Strong ability to lead and manage audit processes effectively while mentoring team members. Computer Literacy: Proficient in using audit-related software and tools to enhance audit execution and reporting. Problem Solving: Ability to analyze processes/procedures and identify areas of improvement.
At Least University degree in Islamic Banking and Finance, or Shari’ah from an accredited University. At least 5 years of banking experience (Preferably Islamic Bank and Finance). Qualification in ACCA/CPA is preferrable. Qualifications such as CSAA, CIPA and CIFE are Mandatories Proficiency in Microsoft Office suite. Fluent In English, Arabic is preferabl
JOB-680b79cbf3c03
Vacancy title:
Islamic Banking Internal Auditor
[Type: FULL_TIME, Industry: Banking, Category: Commercial Banks]
Jobs at:
Tropical Bank Ltd
Deadline of this Job:
Wednesday, May 7 2025
Duty Station:
Kampala | Kampala | Uganda
Summary
Date Posted: Friday, April 25 2025, Base Salary: Not Disclosed
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JOB DETAILS:
DEPARTMENT: INTERNAL AUDIT
REPORTS TO: Shariah Advisory Board and Head Internal Audit (Dotted line-reporting)
Main Purpose of the Job
To conduct comprehensive Shari’ah audits and reviews of the Bank's products, operations, internal controls, and procedures to ensure alignment with Shari’ah principles, regulatory requirements, and organizational objectives.
The role focuses on safeguarding the Bank’s compliance with Islamic finance principles, identifying and mitigating operational risks, and enhancing the efficiency, effectiveness, and reliability of internal Shari’ah governance frameworks.
The Islamic Banking Internal Auditor is responsible for assessing the effectiveness of internal Shari’ah controls and identifying potential risks, including breaches in Shari’ah compliance or operational inefficiencies, to protect the Bank from reputational and financial losses. This includes ensuring adherence to applicable legal, regulatory, and Shari’ah governance standards.
Responsibilities
- Provide required assistance to external auditors on relevant Shari’ah audit issues to ensure alignment with Shari’ah principles.
- Collaborate with external auditors in expressing opinions on financial and operational compliance with Shari’ah standards.
- Control and Risk Assessment:
- Assess and contribute to the improvement of a sound and effective internal control system for Shari’ah Compliance.
- Identify potential risks associated with Shari’ah non-compliance and recommend measures to mitigate them.
- Work with the Risk Departments in identification and mitigation of the Sharia’h risks
- Collaboration with the Shari’ah Advisory Board:
- Act as a liaison between the internal audit function and the Shari’ah Advisory Board.
- Ensure alignment between the Bank’s operational activities and the fatwas and guidelines issued by the SAB.
- Continuous Improvement:
- Monitor the implementation of Shari’ah Audit recommendations and report progress to the SSB and senior management.
- Identify areas for process improvement and recommend changes to enhance Shari’ah compliance and operational efficiency.
Audit Planning and Documentation:
- Participate in establishing a risk-based Shari’ah Audit Plan.
- Develop and document appropriate Shari’ah audit checklists, programs, and tests to review the adequacy and effectiveness of internal Shari’ah controls within the Bank's functions.
- Prepare the Annual Internal Shari’ah Audit Plan to guide the Bank’s Shari’ah compliance review process.
- Conduct detailed operational and compliance audits in accordance with the approved Shari’ah Audit Plan and program.
- Perform internal Shari’ah audits quarterly and present findings to the Shari’ah Advisory Board (SAB).
- Carry out identified continuous monitoring reviews to uncover opportunities for improvement in Shari’ah compliance.
- Conduct Shari’ah Audit follow-ups according to the approved Shari’ah Audit Plan to ensure implementation of recommended actions.
- Prepare preliminary and final written Shari’ah Audit Reports for each audit engagement.
- Present Shari’ah Audit reports to the SSB for final resolution and decision-making.
- Express opinions on financial statements to ensure their compliance with fatwas, rulings, and guidelines issued by the SSB, as well as standards set by AAOIFI, national regulations, and other relevant practices.
- Policy and Manual Development:
- Develop the Internal Shari’ah Audit Policy and Procedure Manual to ensure a standardized approach to Shari’ah audits.
- Establish the scope of Shari’ah Audit work, organize and manage audits to achieve planned objectives and activities.
- Advisory Role:
- Advise the Bank’s Management on various Shari’ah issues based on Internal Shari’ah Audit findings.
- Provide guidance and consultation on Shari’ah compliance to the internal audit team.
- Assist in resolving Shari’ah-related issues identified during audits and offer recommendations for improvement.
- Training and Awareness:
- Conduct training sessions to raise awareness about the critical role of Shari’ah auditing and the relevance of compliance to established procedures.
Strengthen internal Shari’ah controls by fostering a culture of compliance across the Comply with AML/CFT/CPF policies and procedures, non -compliance of which shall be addressed as per the bank disciplinary processes.
Any other duty as shall be assigned to you from time to time.
Person Specification (Education, training, skills and experience)
Knowledge: Skills and Experience required for this role.
- At Least University degree in Islamic Banking and Finance, or Shari’ah from an accredited University.
- At least 5 years of banking experience (Preferably Islamic Bank and Finance).
- Qualification in ACCA/CPA is preferrable.
- Qualifications such as CSAA, CIPA and CIFE are Mandatories
- Proficiency in Microsoft Office suite.
- Fluent In English, Arabic is preferable.
Competencies required for this role.
Innovative and Proactive:
- Creative thinker with the ability to propose and implement effective Shari’ah-compliant solutions.
Passion for Shari’ah and Auditing:
- Outgoing and enthusiastic about Islamic finance principles and the auditing profession.
Analytical and Self-Driven:
- Dynamic, detail-oriented individual with strong analytical skills and the ability to work under pressure with minimal supervision.
Strong Communication Skills:
- Exceptional oral and written communication skills, with a particular emphasis on report writing and presentation.
Interpersonal Skills:
- Excellent ability to build and maintain professional relationships while fostering collaboration across teams.
Confidentiality and Accuracy:
- Proven ability to handle sensitive information with the highest level of confidentiality and accuracy.
Knowledge of Islamic Finance Principles:
- Extensive understanding of Islamic rules of transactions (Fiqh al Mu’amalat) and Shari’ah principles.
Regulatory Awareness:
- Sound understanding of Bank of Uganda (BOU) regulations and Shari’ah compliance requirements.
Technical Knowledge:
- Proficiency in the Accounting, Auditing, and Governance Standards of AAOIFI.
Leadership and Management Skills:
- Strong ability to lead and manage audit processes effectively while mentoring team members.
Computer Literacy:
- Proficient in using audit-related software and tools to enhance audit execution and reporting.
Problem Solving:
- Ability to analyze processes/procedures and identify areas of improvement.
Work Hours: 8
Experience in Months: 60
Level of Education: bachelor degree
Job application procedure
Interested in applying for this job? Click here to submit your application now.
- If you meet the above requirements, please submit your application online by sending a cover letter, a detailed CV, and copies of relevant academic and professional certificates to the following
- Application Deadline: 07th May, 2025
- Tropical Bank Ltd is an equal opportunity employer. We do not discriminate on the basis of religion, age, citizenship, marital or family status, disability, or gender.
- Only shortlisted candidates will be contacted.
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